• BUFFETT: I don't think the US and China will end up in a trade war

    5 monthes ago - By Chron

    Andrew Harnik/AP
    Warren Buffett was asked at the Berkshire Hathaway annual meeting about the recent trade tensions between the US and China.
    Buffett downplayed the recent spat of protectionism and said that both countries will realize that trade is a good thing.
    Buffett said, when you have two major economic players "there will be times when there are tensions."
    Follow Business Insider's coverage of
    Berkshire Hathaway's annual meeting 2018.
    Warren Buffett downplayed the risks of the recent spat of trade tensions between the US and China during Saturday's Berkshire Hathaway annual...
    Read more ...

     

  • 'Harvey Weinstein has done a lot for improving behavior': Charlie Munger says finding bad people helps businesses and society

    'Harvey Weinstein has done a lot for improving behavior': Charlie Munger says finding bad people helps businesses and society

    5 monthes ago - By Business Insider

    During the Berkshire Hathaway annual meeting 2018 , Charlie Munger responded to a question about the recent scandals at Wells Fargo.
    Munger said that the bad actions by employees coming to light were a long-term good for the bank.
    Munger compared the revelations to the recent MeToo movement.
    "I think Harvey Weinstein has done a lot for improving behavior too," Munger said.
    Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett's right-hand man, connected recent scandals at one of his biggest investments - Wells Fargo - to the monumental MeToo movement.
    In response to a...
    Read more ...

     

  • The Latest: Buffett says Wells Fargo is cleaning up its act

    5 monthes ago - By Chron

    OMAHA, Neb. - The Latest on Berkshire Hathaway's annual shareholder meeting on Saturday :
    10:30 a.m.
    Billionaire Warren Buffett says Wells Fargo is cleaning up its act after the misconduct at the bank in recent years.
    Wells Fargo had been trying to repair its reputation after admitting in 2016 that employees opened as many as 2 million accounts without getting customers' permission to meet aggressive sales targets.
    Berkshire Hathaway owns roughly 10 percent of Wells Fargo's stock, and Buffett said Saturday that he has no plans to sell it.
    Buffett says Wells Fargo clearly made a big mistake...
    Read more ...

     

  • WARREN BUFFETT: Bitcoin is 'probably rat poison squared'

    WARREN BUFFETT: Bitcoin is 'probably rat poison squared'

    5 monthes ago - By Business Insider

    Warren Buffett compared bitcoin to rat poison at Berkshire Hathaway's annual meeting.
    Follow along with all of Business Insider's coverage of the Berkshire Hathaway annual meeting 2018.
    Warren Buffett, who hasn't shied away from letting his opinion of cryptocurrencies be known, has doubled down on his skepticism of the digital assets.
    Speaking to CNBC anchor Becky Quick ahead of Berkshire Hathaway's annual meeting in Omaha, Nebraska on Saturday, the billionaire investor said bitcoin - the largest and most well-known cryptocurrency - is "probably rat poison squared."
    Earlier this year, the...
    Read more ...

     

  • 'It didn't produce anything:' Warren Buffett uses $10,000 to demonstrate why buying gold is much worse than buying stocks

    'It didn't produce anything:' Warren Buffett uses $10,000 to demonstrate why buying gold is much worse than buying stocks

    5 monthes ago - By Business Insider

    At Berkshire Hathaway's annual meeting 2018 on Saturday, Warren Buffett compared $10,000 invested in gold and stocks in 1942 to demonstrate why he's always been bullish on buying the latter.
    "For every dollar you could have made in American business, you'd have less than a penny of gain by buying into a store of value which people tell you to run to every time you get scared by the headlines," Buffett said.
    Warren Buffett has been a strong advocate of investing in the stock market over the years.
    He's had great success, to say the least. But at Berkshire Hathaway's annual meeting on...
    Read more ...

     

  • BUFFETT: Wells Fargo committed the 'cardinal sin' - but we're sticking by them

    BUFFETT: Wells Fargo committed the 'cardinal sin' - but we're sticking by them

    5 monthes ago - By Business Insider

    Despite Wells Fargo 's ongoing account fraud controversy, Warren Buffett is sticking by his investment in the firm.
    Follow Business Insider's coverage of Berkshire Hathaway's annual meeting 2018 .
    Warren Buffett is no fan of Wells Fargo 's misdealings - but that doesn't mean he's going to dump his position in the company.
    That was the message delivered by the Berkshire Hathaway chief executive officer on Saturday during the firm's annual shareholder meeting in Omaha, Nebraska. He was responding to a question from New York Times DealBook founder and editor-at-large Andrew Ross Sorkin , who...
    Read more ...

     

  • 'It didn't produce anything:' Warren Buffett uses $10,000 to demonstrate why buying gold is much worse than buying stocks

    'It didn't produce anything:' Warren Buffett uses $10,000 to demonstrate why buying gold is much worse than buying stocks

    5 monthes ago - By Business Insider

    At Berkshire Hathaway's annual meeting 2018 on Saturday, Warren Buffett compared $10,000 invested in gold and stocks in 1942 to demonstrate why he's always been bullish on buying the latter.
    "For every dollar you could have made in American business, you'd have less than a penny of gain by buying into a store of value which people tell you to run to every time you get scared by the headlines," Buffett said.
    Warren Buffett has been a strong advocate of investing in the stock market over the years.
    He's had great success, to say the least. But at Berkshire Hathaway's annual meeting on...
    Read more ...

     

  • Berkshire Hathaway shareholders descend on Omaha to hear Warren Buffett and buy cheap underwear

    5 monthes ago - By CNBC

    Fruit of the Loom's exhibit at Berkshire's annual shareholder meeting is by far the most popular
    Read more ...

     

  • Warren Buffett spending day fielding shareholder questions

    5 monthes ago - By Chron

    OMAHA, Neb. - Investor Warren Buffett will spend the day fielding questions at Berkshire Hathaway's annual meeting before a crowd of tens of thousands of people.
    Berkshire shareholders can celebrate the fact that most of the companies 90-odd businesses are performing well as the economy continues growing, but the conglomerate's future is always in the back of their minds because Buffett is 87.
    Kirk Meyer of Nashville, one of the thousands at the annual shareholders meeting in Omaha, Nebraska, on Saturday, says he always hopes Buffett will address the "taboo subject of succession.
    Read more ...

     

  • Berkshire Hathaway reports 48.7% first quarter operating gain as shareholders prepare to meet

    5 monthes ago - By CNBC

    Operating earnings were $5.3 billion as insurance underwriting business swung back into the green and railroads, utility and other businesses posted gains.
    Read more ...

     

  • Berkshire Hathaway Annual Meeting 2018: What to Watch

    5 monthes ago - By NY Times

    Tens of thousands of investors have descended on Omaha Saturday for the annual meeting of Warren Buffett's Berkshire Hathaway. DealBook will be here providing analysis
    Read more ...